Renting Versus Buying A Home | Trinity Real Estate Consultants Blog

Wednesday, September 11, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: Differences Between a Home Appraisal and a Current Market Assessment in Ontario!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Chances are that if you are reading this article you are looking to buy and/or sell your home, but terms like Home Appraisal and/or Current Market Assessment (CMA) are foreign to you. Or maybe you are reading this and thinking to yourself, yeah, I have heard of home appraisals and current market assessments, but I am not totally sure what they are and how they are different.
Home appraisals and current market assessments are extremely important for those who are looking to buy and/or sell real estate. This information can help you determine if you are a buyer if you are overpaying for a home or if you are a seller how much you should be listing your home for. 
However, a current market assessment might be more useful for a seller than a buyer and an appraisal might be more important for a buyer than a seller. In this a. ...

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Wednesday, August 14, 2024   /   by Matthew Daniel Tamburello

HomeBuyers: In-depth comparison - Renting vs. Buying!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
There is an ongoing debate between people, especially in Toronto where rent prices are astronomical and increasing and home prices are increasing, about whether it is better to rent or to buy. Toronto has been recognized as one of the most expensive and unaffordable cities in the world. The average price for rent makes Toronto one of the most comparably expensive cities in Canada for renters. All of this has been made worse as the housing market in the City of Toronto and the Greater Toronto Area (GTA) have grown and more people are moving to Toronto and the Greater Toronto Area. This makes it harder to determine whether it is better to rent or buy in Toronto since whether you are renting or looking to buy in Toronto or the Greater Toronto Area (GTA), chances are that you are going to be spending a lot of money each month on . ...

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Wednesday, August 7, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How much does the Land Transfer Tax in Ontario cost and who is responsible for paying it?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
One of the least enjoyable parts of buying real estate or property in Ontario, especially in the City of Toronto is the Land Transfer Tax (LTT). If you are buying property in Ontario, you will be responsible for the provincial Land Transfer Tax (LTT).
If you are buying property in the City of Toronto, you will also be responsible for the City of Toronto’s Municipal Land Transfer Tax (MLTT). Therefore, if you are considering buying real estate in Toronto and/or in Ontario, you will need to budget for paying at Ontario’s Land Transfer Tax and possibly even paying Toronto’s Municipal Land Transfer Tax.
This article explains what Ontario and Toronto’s Land Transfer Taxes are, how much they cost, how the Land Transfer Tax fees are calculated, who is responsible for paying them, who is exempt, and information for non-re. ...

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Wednesday, July 24, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: House vs. Condo > An In-Depth Comparison!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Given the recent growth in Toronto’s real estate market, it is no surprise that more people are looking into investing in the Toronto real estate market. With the increase in the number of condos being built and the recent drop in prices for houses in Toronto, the decision between buying a house vs. a condo is more challenging than ever. While at one point, the cost to purchase a condo in Toronto might have made buying a condo a clear choice for home buyers, this is no longer the case. With a drop in prices for houses, buyers who are looking to purchase real estate in Toronto have more choices than ever and are in a better position to decide whether buying a house or buying a condo is the best decision for them.
It is important to remember that for the purpose of this article, a house will be defined as a detached sing. ...

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Wednesday, June 26, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: Inspection Checklist when buying a home!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
While it is exciting and cause for celebration when a seller accepts your offer to purchase their home, before closing on your home and signing the Agreement and Purchase (APS) documents to officially close on your home, you will need to have a home inspection done and if applicable a property inspection is done first. Home inspections should take at least three hours, so make sure to set aside enough time to do this. You might be reading this article and have questions about what a home inspection is, why is it important, how does this affect me and why should I care?
What is a home inspection and what do home inspectors do?
First, for the purpose of this article, we will be using the American Society of Home Inspector’s definition of a home inspection, they write “A home inspection is an objective visual exami. ...

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Matthew Daniel Tamburello
Team Leader & Broker
Right at Home Realty, Brokerage

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